Atos Signs Restructuring Lock-Up Deal With Bulk of Creditors (2)

A majority of creditors of Atos SE have signed the lock-up agreement that will see them take control of the embattled French IT services provider following its restructuring, according to a statement on Monday.

The company has also secured €1.68 billion ($1.8 billion) of new financing from existing creditors, in the upper range of what was announced on June 30. As part of the plan, bondholders and lenders have agreed to convert €2.9 billion of loans and bonds into equity and to inject €233 million in new equity, either themselves or alongside a private industrial investor.

Creditors that haven’t signed ...